6. in the study of economics, which is the definition of a market? a a place where producers display their wares for sale o b a place to buy groceries and other household items o c an arrangement that allows buyers and sellers to exchange things od the concentration of the productive efforts of individuals and firms on a limited number of activities

The correct answer is C) an arrangement that allows buyers and sellers to exchange things.

In the study of economics, the definition of a market is the following: "an arrangement that allows buyers and sellers to exchange things."

When talking about economic terms, a market is a series of procedures where individuals engage in the trade of services and goods. Individuals or companies trade their goods -even labor- in exchange for compensation that usually is money.  The market includes concepts of production, transportation, price, places, promotions, and purchasing.

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